Intellitix, a global provider of radio-frequency identification (RFID) access control and cashless payment systems, has entered a strategic alliance with Meta Payment Systems, a Hungarian provider of prepaid, credit and debit payment services, to boost the provision of cashless services at festivals for summer 2012.
In 2011, Metapay has accounted for 4 million transactions at festivals. For 2012, Intellitix RFID technology is estimated to be used to activate 3 million chips in North America and Europe and Metapay will be underpinning all Intellitix cashless services.
Meta Payment Systems is a division of MetaBank, a federally chartered savings bank.
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